Sadly the Q3 company profits were only $18.3 Billion

- Alphabet's Q2 revenue surged 14%, driven by strong advertising growth, indicating AI chatbots like ChatGPT haven't impacted Google's search engine dominance. - Cloud computing revenue saw even stronger growth, reflecting high demand for computing and data services as companies integrate AI. - Alphabet's revenue hit $84.7bn, surpassing analyst expectations, with net income rising 28% to $23.6bn. - CEO Sundar Pichai highlighted ongoing momentum in search and cloud, despite criticism for slow commercialization of AI technology. - Alphabet's stock has risen by nearly a third this year, with significant investments in AI and data centers, though some analysts found the Q2 results less exciting than Q1. Source: FT

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days). We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting. We’ll pay 2022 bonuses and remaining vacation time. We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. Outside the US, we’ll support employees in line with local practices.

Unlike many times dick and harry startup founders who have gone crazy chasing Unicorn and decacorn tag with no numbers to back up the claim

Freshers impacted in software/product and data science profiles. Day 1 company in all colleges. Placement season is almost over everywhere and now these students are without a job just days before their joining date. No severance too unlike layoffs. Used to pay a lot though, 30 lakhs base salary for SDEs and 15 for product analysts after taking gruelling overnight interviews. Heard internally there struggling a lot which is reflected in their stock price which is halved from 2021 despite a bull run in US tech companies in the same period. Note to anyone thinking of getting into sprinkr(obviously in future cause they showing middle finger now): join only if you want to work like a donkey in exchange of lots of money.

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

From the last few days there were talks going on about layoffs in Morgan Stanley. Some 7% of the global staff will be handed over the pink slip in this week. Well... It started happening from today ... Few colleagues from my department were laid, and the reason being "company is trying to survive in the market, company is planning the road ahead by taking such bold steps". When this was announced, my anxiety shot up the next level and I couldn't wait for the meeting to finish. The past few years have not been great for the business worldwide due to which many companies are forced to take such steps. These companies just have been doing a hiring spree from the last 1-2 years that now they are regretting their decisions and letting off their employees. My question is - "If a company hires excessively during the bull market and is forced to lay off few of the employees during the downturn, has the company made an error by not evaluating the headcount or it was just simply the need of the hour" Please note - I know many people out there who have faced job cuts due to many factors, sincerely requesting people to take this matter very seriously

Must have had to convince the board why they deserve it